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Banking & Finance

Government bond sales up 21.2% in March

Released at: 16:30, 05/04/2016

Government bond sales up 21.2% in March

Sales up against February with 3-year and 5-year rates down slightly.

by Hung Nguyen

VND34.29 trillion ($1.53 billion) in government bonds were mobilized via bidding in March, an increase of 21.2 per cent against February, the Hanoi Stock Exchange (HSX) has announced.

The winning rate on three-year bonds was 5.53-5.55 per cent per annum, on five-year bonds 6.30-6.38 per cent per annum, on 15-year bonds 7.65 per cent per annum, on 20-year bonds 7.75 per cent per annum, and on 30-year bonds 8 per cent per annum.

The bonds were issued by the State Treasury.

Compared to February the winning rate on three-year bonds was down 0.2 per cent and 0.22 per cent on five-year bonds. Other rates remained unchanged.

In the secondary market, total outright transactions in March reached 713 million bonds, valued at VND74.1 trillion ($3.32 billion) and 43.6 per cent higher than in February. Repos transactions numbered 582 million bonds with a total value of VND56 trillion ($2.51 billion), an increase of 121 per cent against February.

Outright buying by foreign investors reached VND4.9 trillion ($219.76 million) while outright selling was VND2.8 trillion ($125.58 million). Repos selling from foreign investors were valued at VND201 billion ($9.01 million), while there was no repos buying by foreign investors.

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